Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Monthly Auto diesel sales are 28% lower than pre-crisis level, however Petrol sales are almost back to normal

EnergyApr 25, 2024
Monthly Auto diesel sales are 28% lower than pre-crisis level, however Petrol sales are almost back to normal

The decline in Lanka Auto Diesel sales from 175MT to 110MT after the FX reserve crisis in April 2022 suggests a significant impact on economic activity, likely affecting mass and goods transportation. The subsequent recovery to 125MT, although below pre-crisis levels, indicates some stabilization.

In contrast, the resilience of petrol sales to return to pre-crisis levels despite a substantial price increase suggests that personal transportation demand has remained relatively steady, possibly indicating adaptability or necessity among consumers.

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